Fannie Mae Preferred S (FNMAS)

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it is one of the option the poster is here:

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FINALLY, CONSERVATORSHIP COMES TO AN END
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2 options

1/ If Government goes with De Marco Proposal -----> Combine FNMA & FMCC to a New Entity just like Sallie Mae in the past. Both Preferred and Commons stocks will be exchanged 1:1

2/ And if Government does NOT go with De Marco Proposal, the conservatorship will also come to an end soon. Both FNMA & FMCC wll return to private companies status before C-Ship.


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White House Said Near Decision on Leader of Fannie Mae Regulator

By Clea Benson - Apr 17, 2013 9:01 PM PT.

Edward J. DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, is scheduled today to update a Senate panel on the FHFA’s oversight of Fannie Mae and Freddie Mac. It’s unclear how much longer he’ll be guiding those efforts.

Long-stalled White House plans to nominate his replacement are now accelerating, according to two people familiar with the discussions who asked to remain anonymous because the process isn’t public.

A potential change in leadership just as the companies are returning to profitability could have an impact on their future.

With his tenure uncertain, DeMarco is continuing with long- term plans including an effort to create a common mortgage securitization platform that would serve as a utility to be used by Fannie Mae, Freddie Mac and private securitizers. The agency also is encouraging the companies to explore transactions in which they share risk with private financiers.

All of this is a prelude to congressional action, DeMarco said in written testimony prepared for today’s hearing.

“Few of us could have imagined in 2008 that we would be approaching the fifth anniversary of placing Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) in conservatorship and that we have made little meaningful progress to bring these government conservatorships to an end,” he said.

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